Many of us are presently considering how we may help to overcome this unusual scenario, which has been shattered by the corona pandemics. The COVID-19 problem poses a threat to disease control and crisis management, but it also has the potential to have long-term and far-reaching consequences for nations, society, and international collaboration. There are growing signs that the world will look different after the crisis, and that globalization will be called into question in a number of sectors.
According to these findings, the COVID-19 crisis will be a watershed moment. In times of great uncertainty, science is called upon to look to the future and to support a logical discussion of how to respond to the current global crisis and, as a result, to better deal with other major global concerns such as climate change.
Not only are immediate and aggressive policy actions required to control the epidemic and save lives, but they are also required to safeguard the most vulnerable members of our society from economic collapse and to maintain economic development and financial stability.
We are in the midst of a global health catastrophe unlike any other in the past 100 years, one that is killing people, causing human agony, and uprooting people’s lives. But this isn’t just a health emergency. It’s a humanitarian, economic, and societal disaster. The coronavirus illness (COVID-19), which the World Health Organization (WHO) has classified as a pandemic, is wreaking havoc on communities.
According to the UN, the global economy might decline by up to 1% in 2020 as a result of the coronavirus pandemic, reversing a prior projection of 2.5 percent growth. It also warned that the economy could contract even more if economic restrictions are maintained without proper budgetary solutions.
The coronavirus epidemic is primarily a public health concern, but it is also becoming more of an economic concern. The “Covid-19” shock will cause a recession in some nations and a slowing of global annual growth to below 2.5 percent, which is commonly regarded as the recessionary threshold for the global economy.